Wednesday, June 30, 2010

"righty" responds to skeptic's negative, presumptuous posts

Well if it is not illegal, then how the hell can you deem it a "swindle" based on that presumptuous contrived statement?

Look I can appreciate a contrarian point of view, but at the end of the day nobody who is uncomfortable with these parameters need invest at this stage...NOW DO THEY?

IN MY OPINION...IF one is skeptical then simply wait until the production/sales element has begun.

Proof will indeed be in that pudding?

As for the constant comparisons to some biomass company.....?

Please...there is a world of difference inbetwixt, I get the profound impression if a certain shareholder was NOT present, none of those comparisons would happen.

Coming in here swinging the scam word around with personal insults towards shareholders and officers is disingenuos at best. I seem to recall a number of false statements being made at the behest of far less than perfect DD...appreciate the apologies...but that jacket is made of cellophane in my opinion.

Tuesday, June 29, 2010

"goodboy2" - Are naysayers right?

Naysayers could be right… Shareholders, Punt…

JBI could fail to obtain its permit to operate P2O.

JBI then, could fail to produce its:
• near diesel fuel
• gasoline of various grades, with or without additives
• kerosene of various various grades
• jet fuel
• heating oil and gas
• chemicals of various grades for making plastics and other polymers
• lubricating oils of various weights and grades (e.g. 10W-40, 5W-30)
JBI then would not need its Blending Site.

We then could not maximize profit targets, or:

• Convert waste to oil/fuel.
• Produce byproducts for its subsidiaries. (Air Filtration Company / Pak-It, Inc.)
• Consider other acquisitions (e.g. Packaging / Wrapping Equipment or Entities)
• Reducing costs and margins.


Shareholders, like I need to be reminded at times to look back and ask, why do I like JBII:

• JBI is debt free.
• JBI is J/V’d with reputable entities and growing exponentially in each segment.
• JBI is led by quality management.
• JBI is Creative, Innovative and Environmentally Concerned.
• JBI is good for Job Creation, Business and the Environment World Wide.

Shareholders, like I buy shares a little at a time, in support of the effort and concepts presented, but Naysayers could be right, LOL.

"Steady_T" - Naysayer skeptics should patiently wait for JBII progress updates

I am understanding.

"As you become more experienced in investing, you will start to understand that if there are excuses for all the information you don't have and you can't close any DD because there are dead ends on every road, it's better to wait until the company stops giving excuses."

If you think that is the case here at JBII then I suggest that you follow your own advice and wait. I have no problem with that.

"If Mr. Bordynuik had any reason to believe anybody would buy his pyrolysis oil as crude oil, he should be sharing that reasoning."

I have already made it plain that I have little concern about the company being able to sell its product. You are concerned about that, OK with me. We each have our own evaluations of the situation.

The difference between us has to do with how we each interpret the lack of information. You seems to interpret the absence of information in the worst possible light you can think of. As an experienced Pinks investor I can understand that point of view.

In this case I don't choose to interpret that information lack the same way at this point in time.

You have no idea why the re-filings aren't done.

All we know is the areas that are being redone. We know that because the 8K told us that information.

Exactly what caused the company to state the need for refiling has not been made public.

-----------QUOTE-----------
WHY IS THIS SO DIFFICULT, IT IS NOW JUNE 29!!!!!
-------------------------------

We will know the answer to that when the re-filing is done. Until then make up any reason you like, it's all a guess.

Quote: "Wise men talk because they have something to say, fools because they have to say something."

Plato

Given the present circumstances I understand and expected the information blackout. If it continues after the re-filing and a clarification of the NAZ application status I will be moving much closer to your point of view.

Let me be clear. I would like to have a more information than we do. I expect that we will have more in the near future. I have been able to find out additional information through my own investigations. Information that I don't make public here. Some of it is very positive, some is not positive. All of it can be developed by anyone that is good at digging and networking.

Probably the same things that you do in your investing, correct?

"tykundegex" estimates earnings potential for P2O


1 "site" can process from 20 to 60 tons/day (20 being the min, 60 being 8hrs worth incl. downtime for cleaning), which assumes only a single full-size (20-ton) processor runs at a given time.The "20-ton" processor shown to many AGM attendees can digest about 1 metric ton (1000kg) of plastic in about 5 minutes. 1 metric ton is fed into the pre-heated machine (main reactor). The catalyst is added. Within 5 minutes the temperature of the reactor drops by almost 100C almost instantly, and the fuel starts to come out in the condenser.

Count 20 tons in 2 hours. Given the low residue (which of course depends on the input) you don't have to clean it out before several "batches" (although it will run in continuous mode). So 60 tons a day is very feasible even taking into consideration the clean-out. So even with maintenance and other down-time, you can see that 20 tons/day is a conservative estimate, and has been the number JBI has given from the start. And THAT is what the math was based on: 20 tons/day.

That's 125-375 barrels.

If output is sold for $75/barrel, and all operational costs total $10/barrel, then the daily profit from the site is between roughly $8k and $24k. If it's run 300 days / year, that's $2.4m - $7.2m.

So go with the low number, and that's roughly 0.05 EPS per site. That means that every company-owned site (where JBI retains all the profit), could add $1 to the PPS. In the AGM slides (last slide) JBI states that they will prove the viability of P2O with 2-3 running processors in NY

Pretty good prospects for a pink sheet delinquent filer, wouldn't you say? wink

Tykün

P.S. the assumptions for this math:
. plastic is acquired for free
. plastic doesn't require pre-treating (e.g. PVC)
. fuel output is sold at crude oil prices
. $10/barrel is the total OpEx cost
. civil war doesn't break out
. OPEC doesn't start pricing oil in Euros
. the P/E is 20
. the O/S count stay at 50m
. bears and shorts stop messing with the PPS .. wink

Monday, June 28, 2010

Rawnoc analyzes JBII's "smart" acquisitions


Look at Javaco as their investment in the JBII P2O IPO.

JBII was an empty shell this time 1 year ago. It had no assets. No operations. Nothing.

Around 1 year ago it acquired the assets of the tape biz and the P2O operations which were completely unfunded and incapable of getting off the ground without funding.

Javaco and and PAK-IT agreed to "sell" themselves in exchange for a small piece of P2O basically and some token cash. Because of these profitable operations and assets, it gave credibility to the business plan of P2O in the eyes of the market. Enough so that the market agreed to finance P2O and the acquisitions via a PIPE. That PIPE acted very similar to a P2O.

So was Javaco worth 2.5 million shares? It's kind of a chicken and an egg scenario. By acquiring these businesses first, they were able to raise millions of dollars and thus fund P2O with zero dilution. If P2O is wildly successful and some day goes to $100 per share then, of course, in hindsight Javaco will have been overpaid for being that the 2.5 million shares would then have cost JBII $250 million in hindsight. But if he didn't do it then P2O may not have happened. So which is it? I suppose John could have just the JBII shell and tried to a do a PIPE on the stock with zero assets and zero operations, but I don't think that would have worked out too well. He needed to reverse merge with some profitable businesses first no matter how small and unexciting just to have a real public company instead of a shell to present to raise money. I think he learned this strategy from his mergers and acquisitions course at Harvard. By doing this he didn't become a slave to private equity and he was able to raise millions of dollars and acquiring nicely profitable businesses while still maintaining complete and total control of the operation without having to answer to anybody. Pretty slick and smart whether P2O works out or not.

PAK-IT is a wild card with a lot of potential on its own, though I'm only betting on JBII for its P2O, I like the PAK-IT wild card and possible cash-generating business FOR P2O. Hell, with the market cap at only $60 million now it wouldn't even take much success by PAK-IT alone to justify a higher market cap of a couple more bucks per share. So maybe we'll go to $105 instead of just $100 :)

I think the point of the revenue-generating capability of the blending site was not the sales nor profits that it once had, but rather the level of volume it's capable of handling. That's what is key. That capacity. What's perhaps more meaningful would be to express it as a number of barrels of oil/fuel/gas rather than the dollar amount in a way a refinery's size is expressed based on its daily capacity/ability of barrels per day.

Raw

"contractor10940" discusses delayed filing & constant naysayer bashing

JBII is in the hearings process to get an extension on the filings. Gately screwed up somewhere with somebody, just like Moore and Associates did with other OTC companies.

http://www.otcbb.com/DailyListContent/delistings/OTCBBDelOpenReport.pdf

It's my belief, that Nasdaq likes JBII, wants JBII to conform to their ways, hiring their "recommended" people, guiding JBII to their place on that exchange.

Give a think here, scam CEO's don't give shares back to the treasury, they sell them open market. Scams have minimul shareholder turn out at AGMs, at JBII's I counted 10 rows wide by 15 rows deep in 4 columns at about 90% capacity. Scam management use a variation of their true names. John Bordynuik checks out to John Bordynuik. All the people who are on the JBII team, have public profiles as well.

While the filings are being addressed, it's business as usual with JBII. This company is making documentable progress, despite the grumblings.

What people should be wondering about are the folks who damn this company ALL DAY LONG, pretty eff'd up hobby with no agenda behind it!

JBII,

Pla$tic to Oil$

Sunday, June 27, 2010

"stocker11" - "Not a bad year. Keep up the faith!"

For those who think this waiting period is a little too long should remember what JB and JBII has accomplished in just a little over a year.

has taken the company public,
has increased Javaco's revenues by 52% this past quarter,
has automated Pak-It and opened retail markets in England/China and North America,
has commenced migrating data from 1000's of reel to reel tapes,
has completed 2 successful PIPE,
has purchased an air filter company and fuel blending company,
has paid off millions of $ of debt to become virtually debt free,
has applied for uplisting to Nasdaq/Amex,
has commenced the process of obtaining a P2O ship,
has signed a JV with Heddle Marine,
has signed JV with Al Sousa for 45 P2O sites in Florida,
has hired an extremely reputable staff,
has signed contracts with Islechem and URS,
has scaled a new invention from a table top model to a 20 ton processor capable of converting unsorted plastic into fuel. The process is continuous and produces a minimum of 109 barrels of fuel a day (per processor) + runs off it's own by-product
+ much much more
Not a bad year. Keep up the faith!

Saturday, June 26, 2010

"Rawnoc" challenges skeptics' negative iHub posts


I trust Islechem`s and NYSDEC`s "appears to be" as it`s 100000 times more credible than what you`ve presented. Hype in July 2009 on a message board? Who gives a shit? What does that have to do with what Islechem and the NYSDEC have to say about the now????

My belief in P2O as more than a crapshoot gamble began with IsleChem in Nov/Dec 2009 and escalated with the NYSDEC in 2010. I don't give a rat`s ass about posts, hype, brochures, from July 2009 and other penny stocks that Islechem and the NYSDEC never heard of.

To paraphrase Peter Lynch, tennis games have just as many losers as winners. So does that mean you shouldn't bother playing tennis because you statistically have no chance of winning nased on the history of other tennis players? Of course not. You win because of how you play, and JBII will win because of how it performs. Islechem and the NYSDEC are the score keepers.

"Zardiw" applauds P2O as viable waste plastic solution


Got some paint today. They're making the covers out of plastic now. Just one more indication of the increasing waste plastic supply that exists.

1. The processor takes no energy input, since it runs on the natural gas produced. Of which there is a surplus I might add, that could be used to generate electricity for the entire facility, something that John mentioned at the AGM.

2. The rest of the output is 90% high grade fuel that needs minimal refining to be used in diesel and gasoline engines.

3. Currently there is a cost to dispose of waste plastic, hence I see little if any cost, and probably a negative cost of raw materials.

4. The process is very rapid. While officially the output of one machine is 20 Tons per day, at the AGM I heard 40 tons is more like it.....

I don't see how it gets much better than that....do you?

zZ

"Steady_T" analyzes P2O production potential

Let's look at that claim shall we.

Plastic has a density of .35 to .45 lbs/cu in.

http://wiki.answers.com/Q/What_is_the_density_of_plastic

So let's work backwards from 20 tons / day.

20 tons / 24 hrs per day = .833 tones / hour.

one ton = 2000 lbs * .833 = 1666 lbs / hr.

1666 lbs / .40 lbs/cu in = 4165 Cu in plastic

1 cu ft = 1728 cu in

4165 cu in / 1728 cu in per cu ft = 2.4 cu ft of plastic per hr.

So let's assume that the machine only runs 12 hr out of a 24 hr day. That means that in a 12 hr day to get plastic into the machine at a 20 ton per 12 hr day rate plastic has to be feed in at the rate of 4.8 cu ft / hr.

4.8 cu ft /per hr doesn't seem like a lot so lets see how many cu in per minute that is.

4.8 cu ft * 1728 cu in = 8294 cu in. Divided by 60 minutes per hr = 138.24 cu in per minute.

That is a 5.12in cube fed into the processor every minute.

That seems like a pretty small amount of plastic going into the processor every minute......a 5 in cube.

To put this in terms people are more familiar with it turns out that a cu in = .02 quart. So 138 cu in * .02 = 2.76 quarts volume per minute to give a 20 ton per 12 hour rate.

That doesn't seem like a a very high feed rate to me to get 20 tons of plastic into a processor in 12 hour period. 2.76 quarts per minute.

Of course if the really do that in a 24 hour period the feed rate is 1/2 of that number or about 1.38 quarts of material per minute.

So jjsmith please tell me if your statement stands up to analysis.... "My theory is that if you saw how slow it goes into the machine it would be easy to disprove the claim that it can process 20 tons of plastic per day.."



.

Thursday, June 24, 2010

"contractor10940" discusses JBI's P2O market potential

The JBII stuff I saw was amber, not yellow #1 DOT which is back over $3.00 at the pumps, or red #2 Heating Oil which is over $2.50. It was

JBI Golden Amber,

the newest Sam Adams flavor.

...now pay attention...

"After the fractions have been treated, they are cooled and then blended together to make various products, such as:

•gasoline of various grades, with or without additives

•lubricating oils of various weights and grades (e.g. 10W-40, 5W-30)

•kerosene of various various grades

•jet fuel

•diesel fuel

•heating oil

•chemicals of various grades for making plastics and other polymers

For more information on the fascinating world of oil refining and petroleum chemistry, check out the links on the next page"

http://science.howstuffworks.com/oil-refining2.htm

"IsleChem's core chemistry competency is the result of its heritage, i.e. Occidental Chemical, Diamond Shamrock, Firestone Plastics, Equistar, and Tenneco Plastics. Areas of expertise are: chlorinations (radical and ionic), hydrofluorination, halogen exchange with KF, sulfonation, cyanation, hydrochlorination, alkylation, thiation, glycidation, polymerization, esterification, formylation, Grignard additions, high pressure operation, and general capabilities of handling challenging chemicals."

http://www.islechem.com/env/certs.html

JBII's market....

http://www.eia.doe.gov/dnav/pet/pet_move_expc_a_EP00_EEX_mbbl_m.htm

http://www.eia.doe.gov/dnav/pet/pet_stoc_ref_dc_nus_mbbl_m.htm


http://www.eia.doe.gov/dnav/pet/pet_pnp_pct_dc_nus_pct_m.htm

I get the biggest Kick out of everyone arguing over this company, KNOWING... everytime anyone here shaves or drinks milk, scoops a pat of butter or writes with a pen, eventually the plastic you're holding, puts $$$ in OUR pocket.....!:)

"Steady_T" posts to skeptics on "near diesel" & catalysts

That is going a bit too far I think.

"Near diesel" was characterized so we have a good idea what near diesel means.

Same with the off gas.

The data from IsleChem showed exactly what hydrocarbons are present and in what proportions.

No one has tried to represent that the near diesel fraction would not require some additional processing to be called diesel. I don' think any has said that the gas was salable as is natural gas with out processing.

The description of the output by IsleChem certainly has specific meaning.

Perhaps you would be happier if the description of the P2O output was "useful hydrocarbon liquids with a mixed molecular weight the bulk of which is in the diesel/heating oil range and a mixture of gaseous hydrocarbons commonly used in heating applications".

Many chemical reactions have a variety of reaction products.

A catalyst can be used to drive the bulk of the reaction products towards a preferred output.

In JBII's case the reaction products can be driven towards the diesel range reducing the shorter chained hydrocarbons. Hence we get more diesel and less gasoline and gasses.

The purpose of a catalyst is to alter the output of a reaction. It may not create new chemical species from that reaction, but it sure can alters the outputs.

Perhaps a retctoencephalectomy will help clear your vision.

Wednesday, June 23, 2010

"stocker11" questions bashers' motives

Why are you arguing all this speculative crap? Everyone has a theory they are putting out here like it's fact. This should be a place to chat with investors about JBII and the excitement this company is about to bring to the world. Every word is attacked and twisted and inferences are made. None it makes any difference - its either going to be great or a flop.

Why people are here bashing this company month after month, day after day, minute after minute and some second by second is beyond belief.

Tuesday, June 22, 2010

Rawnoc educates naysayer skeptics on "goodwill" & balance sheets


Balance sheet has ZERO to do with market value.

It doesn't matter if the intrinsic worth of the three acquisitions is $5.00 or $5 billion. It's not the balance sheet's job nor Withum's job to decide if JB "grossly overpaid" or "got the deal of the century" on those acquisitions.

They could write the goodwill account to ZERO for all I care. Analysts and savvy investors automatically discount that as an "asset" and focus on "tangible assets" in the first place, never caring if Goodwill is zero or $5 billion. It's a completely useless figure on the balance sheet.

So I hope they write down the non-cash junk big and large. I wish all companies would do that so it doesn't interfere going forward making earnings reports confusing with future non-cash one-time charges and makes my life easier not having to calculate tangible book value if the whole thing is already tangible.

No problem. Here's how acquisitions work, the simple version:

If you pay $100 for something that has $10 worth of assets (say $10 in cash and nothing esle for simplicity), then the $90 you paid above the book value of assets as to be place on the balance sheet as something so decades ago accountants invented the term "Goodwill" which is non-tangible useless asset they put on the balance sheet to represent, in theory, the value paid for in the acquisition from patents, employees, rights to a product, etc. So in this example $10 cash, $90 Goodwill would be entered onto the balance sheet.

Now can you use that $90 in Goodwill to buy something? Not a damn thing. Eventually it gets written off down the road frequently anyway so it's completely useless on the balance sheet and even more useless in reality. NOBODY on Wall Street pays one iota to it. If the biggest companies in the world could "sell" their Goodwill they would sell it for nothing. :)

Goodwill is just as useless for a Dow 30 stock as it is for your independent plumber.

JBII being a penny stock is entirely irrelevant -- goodwill is completely useless. It's an intangible asset that only exists on paper which is why analysts and fund managers completely ignore it.

Now if you want to argue theory if JBII has off balance sheet assets that have value then the answer is of course they do. Their PAK-IT patents alone, for example, do. But I don't care. Value is proven through earnings and I think all companies should axe goodwill off their balance sheets since nobody even pays attention to it anyway except that I guess it helps people who are analyzing the historical balance sheets understand why tangible assets such as cash may have disappeared one day, then they'll know when they see goodwill it was because an acquisition was made, hence the absolutely useless asset.

Since GAAP accounting treatment for acquisitions changes more often than most people`s underwear, it`s foolhardy to call it simple arithmatic when it`s not. There were all sorts of new rules and changes in 2009 including the value of the stock in the acquisition being based on closing instead of announcement, directly affecting goodwill. Goodwill never plays into valuation. You show me two identical companies in every which way except one has a higher goodwill asset, and I`ll show you two identically valued companies.

"Value is proved through earnings" is a unique penny mantra? ROFL!!! Try Ben Graham, Peter Lynch, Warren Buffett, and 99% of Wall Street. Anybody who buys into a company for its "goodwill" asset is an idiot. I've never heard anybody anywhere do such a stupid thing.

I could just see it now.... "ABC analyst upgrades JBII to strong buy. Cites the high goodwill asset". LOLOLOLOLOL

Analysts will never mention goodwill as a plus. EVER! It can't be sold. It has zero value except for possible tax benefits.

But you`re right, I must be an insider because I'm more familiar with goodwill than you are. It`s the only logical explanation.
Raw

Monday, June 21, 2010

"Zardiw" asks "Are you a JBII Nervous Nellie?"


Nervous Nellies:

That's who the target is. Get them to sell and as thinly traded as she is, with longs already mostly in, and you can get the price of JBII to drop. Short whenever possible. Keep attacking the negatives. The E for example. And the permit delay. The 2 main things holding us back right now. Attack the CEO. Attack anybody who is vocally long. Make it a FLOOD of negativity 24/7, and they will sell. The Nervous Nellies that is.

Then, when the price has been knocked down as low as possible, cover and buy. And then run her up..........That's the game as it's being played here, and with a lot of other stocks.

SO, the only question that means anything is: Are you a Nervous Nellie?.............z

"Rawnoc" responds to naysayers' comments about JBI's media credits


I say "written down in 2010 anyway" because that's the way ALL current assets work. As they get used up, they get expensed. The media credits were listed as current assets which means they expected to used them over the next year, that year being 2010, and get expensed as used just like you do with prepaid insurance, inventory, office supplies, etc.

"credence to the fact that they knew the credits were overvalued." Hogwash! Expenses are expenses. As they use say $100,000 in media credits to buy $100,000 in media, they were then going to expense $100,000 in media and show up on the income statement as a $100,000 non-cash media expense, and as the whole $10 million is used there would be $10 million in expenses at various amounts throughout 2010. The notion that they were going to expense the media credits as the media credits were used is some sort evidence of fraud is just laughable. There was no fraud. At worst, a non-cash accounting journal entry that should have been done in 2009 instead of in 2010. Boo hoo. You have to split hairs into a million pieces to come up with some sort of a fraud picture.
Raw

"stocker11" believes in JBII

Some reasons why I believe in JBII:
- Legitimate recycling
solution to plastic/tire problem;
- Processing sites are inexpensive to build;
- Processor has proven to be scalable and continuous with low maintenance;
- Processing is extremely fast (up to 20 tons a day);
- Each site (2 processors) can product between 200 (worse case) to 500 (best case) barrels of fuel per day;
- Paid to take feedstock or, worse case scenario, feedstock is provided free;
- Very little processing is required in fact, I expect the next generation processor will have a built in refinery that will eliminate the need to transport to refinery/blending sites;
- Little to no legitimate competition;
- Unlimited supply of feedstock and unlimited demand for the finished product;
- Will soon be in world business/news reports;
- And, because it is a green initiative, it will receive government grants/credits etc.

Ringier AG features P2O to large Asian & Middle Eastern audience


Ringier AG is the largest media group in Switzerland with 176 years of history. In Asia, the group is represented by Hong Kong-based Ringier Trade Media Ltd. As one of the pioneers in China, Asia and the Middle East, Ringier Trade Media has been providing industrial leaders with the technological information, solutions and applications they need to improve their manufacturing and marketing capability. Its multiple channels in print, digital, online and events have been successfully facilitating direct communication links between buyers and sellers within Asia, and between Asia and the rest of the world to the mutual benefits of all parties.

Ringier hosts high level technical and business conferences every year bringing industry leaders together for information exchange and networking opportunities (visit www.ringierevents.com)for the full conference schedule). Ringier’s annual Technology Innovation Awards give recognition to those who have made the most significant contributions for the advancement of the industry.
.

Ringier Trade Media, a prominent web site providing Essential Trade Multimedia for China, Asia & the Middle East posted this report on JBI's P2O process:

"Enviromental concerns created urgent demand for measures to ensure ecological balance and sustainability. Recycling, or the process of recovering scraps and reprocessing them into new useful products, has thus become an important issue that has tremendous impact on the manufacturer. In the plastics industry today, the ban on plastic bags and urgent need to properly discard plastic products such as PET bottles, are trends that have affected the directions of the industry.

Recycling plastic materials requires special techniques and equipment due to the complex composition of polymers. Also, the use of additives and dyes has made it challenging, and expensive to recycle plastics.

Sorting system for various plastic types

The Society of Plastics Industry has developed the Plastic Identification Code (PIC) which serves as the basis for sorting plastics prior to recycling. In some countries, manufacturers of plastic products are required to use PIC labels on their products. Plastic materials are usually separated by color and then shredded after which these undergo processes to remove impurities. The material is then melted and pelletized for processing into other products.

The easiest plastics to recycle are those made of PETE which are assigned the number 1. Once processed, these can be turned into soft drink, water and salad dressing bottles; peanut butter and jam jars, among others. Table 1 shows the PIC and the applications of recycled plastic materials.

There are now a growing number of recycling processes--among them monomer recycling method thermal depolymerisation, heat compression--which are able to solve some of the challenges in reprocessing. Also, a number of companies and organizations have taken recycling a step further with new solutions that are expected to cost-efficiently transform waste into useful products.

Recent developments in recycling

One interesting recycling solution is the process developed by US-based JBI, Inc. JBI's President/CEO, John Bordynuik, has been in the business of recovering planetary and sensor data from old magnetic media for various government and institutional archives for more than 20 years, amassing the world's largest solution and algorithm archive.

JBI, Inc. released the results of tests conducted by IsleChem, a New York-based, state-certified laboratory, in validating JBI's Plastic2Oil (P2O) process. Since December 2009, IsleChem has conducted extensive chemical, analytical and process engineering testing for JBI's P2O technology on a diversified range of plastic feedstocks. A wide variety of plastics were tested and all produced residue of only about 1%, which is allowed in landfills.

Islechem has performed more than 40 small scale runs of various multicolored, mixed plastic feedstocks through the process. After analyzing the energy consumption, residue, offgas, and material balance in the process, Islechem has determined JBI's P2O process to be repeatable and scalable. In addition to the confirmed validity of the overall process, Islechem has provided the following statistics regarding the fuel product composition and process emissions: JBI's P2O solution is repeatable and scalable; approximately 85-90% of the hydrocarbon composition in the feedstock is converted into a "near diesel" fuel; approximately 8% of the hydrocarbon composition in the feedstock is converted to a usable off gas much like natural gas; approximately 1% of the feedstock remains in the processor as a residue; the analyzed residue contains various metals from coloring agents and other plastic additives that were originally in the feedstock plastic and a small amount of carbon; the fuel product was analysed with a gas chromatograph and the chromatogram is similar in many respects to diesel fuel; the fuel product contains only trace amounts of sulphur and the centane number exceeds 40; the residue does not appear to contain any highly toxic or difficult to dispose of components; there is no evidence of air toxins in the emissions; and the energy balance of the process is positive, that is, more energy value is produced than is consumed by the process.

The "near diesel" fuel is diesel with some extra light fuel fractions (gasoline range fuel). The extra gasoline can be separated at the company's fuel blending site or our fuel can be sold to a refinery. CEO John Bordynuik stated, "It takes energy to produce energy. The key is to get more energy from the final product than it takes to make it. Our process has a high positive energy balance of 2.0 while gasoline from crude has a negative energy balance of 0.81.Our fuel is light, flows like diesel and is of high quality."

In a paper published in the American Chemical Society journal, Macromolecules, scientists from IBM and Stanford University detailed discoveries that could lead to the development of new types of biodegradable, biocompatible plastics. The result of a multi-year research effort, the breakthrough also could lead to a new recycling process that has the potential to significantly increase the ability to recycle and reuse common PET and plant-based plastics in the future. The project may have sustainability implications across a wide range of industries including biodegradable plastics, plastics recycling, healthcare and microelectronics.

"We're exploring new methods of applying technology and our expertise in materials science to create a sustainable, environmentally sound future," said Ms. Josephine Cheng, IBM Fellow and vice president, IBM Research - Almaden. "The development of new families of organic catalysts brings more versatility to green chemistry and opens the door for novel applications, such as making biodegradable plastics, improving the recycling process and drug delivery."

Disposable plastic bottles are among the most vexing environmental challenges. More than 13 billion plastic bottles are disposed of each year. While plastics are recyclable, the resulting materials are limited to "second generation reuse" only. This means the materials made from recycled plastic bottles are disposed in landfills. The IBM-Stanford breakthrough in green chemistry could lead to a new recycling process that reverses the polymerisation process to regenerate monomers in their original state, reducing waste and pollution significantly."

See article at http://www.industrysourcing.com/English/china/make_art.asp?id=5287

Sunday, June 20, 2010

"Steady_T" responds to naysayer skeptic's posts

One can demand things all day long if it makes feel like you are a better investor.
Having realistic expectations seems to me to be more satisfying path.

How can you expect proof of profitability when the system isn't in production yet.

By definition, any information you get on profitability at this point in time is going to be a projection. Period

--------quote---------
Mr. Bordynuik should be the one giving proof that the process is economically viable.
----------------------

There is only one "proof" of profitability and that is making money on production.

Since JBI is not yet in production, you are asking for "proof" that simply can not be provided at this time.

If seems strange to me that you ask a question that can not be answered, then hold up the lack of an answer as proof of this being a scam.

I have expectations that we will have the answer to your question in the near future. Then we will know based on solid evidence whether P2O is a profitable process or not. You are quite wrong in your logic.

While having permits and financials does not guarantee profitability, not having permits guarantees failure.

Permits are a necessary but not sufficient condition for profitability.

---------------quote--------------
The proponents should understand that JBII's process being commercially viable would a hard pill for anyone to swallow--especially in light of so many scam startups pretending to have highly-profitable identical processes.
----------------------------------

The point of JBI's process is that it is not "identical". The catalyst is what makes it different. IsleChem's data show that to be the case.

----------------quote-------------
I think CEO Mr. Bordynuik is a swindler and I'm sure many others do too. It should be up to him to help his shareholders understand why he's not a swindler if in fact he isn't a swindler.
----------------------------------

You have made up your mind and quit seeing the evidence to the contrary. It is called confirmation bias. You only take note of information that confirms your point of view.

The vast majority of JBI's shareholder already think that he is not a "swindler" and think that what JB has to prove is that he can get an Air permit and get the first P2O machine into production.

Just because many people have tried to do something and failed doesn't mean that it can't be done.

I'm sure the Wright brothers were aware of all of the people that had try to fly prior to them. They did things differently than the others.

Edison wasn't the first to try to create a workable light bulb In his lab alone they tried 6000 different materials to produce a workable light bulb.

We have a word in the English language just for this circumstance.

The word is "breakthrough"

breakthrough: Definition from Answers.com
breakthrough ( ) n. An act of overcoming or penetrating an obstacle or restriction.

If you think that the catalyst is a fraud, say so. But then you have to reconcile that statement with the isleChem data.As far as communicating convincingly to the shareholders about being able to produce Oil from plastic at a low cost per BBL...

It seems to me that most shareholders ARE convinced.

Ask the board and see what result you get.

So far most of the critics, but not all, have said that they don't own shares. I assume you fall into that category also.

As for the specific plastic mix used in testing. I'll have to agree that detailed specifics have not yet been provided. All we have been told is that it was mixed plastics of various colors.

At this point i have to put that in the it would be nice to know pile but not essential. My reasoning is that they may be cherry picking the plastic source. There is a lot of plastic sources to cherry pick from in the beginning. Further down the road that may be an issue. They may have to do some plastic sorting once the cherry picked sources are no longer enough. I think that there is more than enough margin to absorb those costs and still be quite profitable.

Selling the resulting product is just not an issue for me. Unless IsleChem's data is way off, there is a willing and ready market for the output.

I have had a little experience in dealing with the specs of crude oil from different sources. You would not believe the amount of processing certain refineries go thru to deal with Venezuelan crude. This stuff is a gift to refiners and blenders.

Getting the right level of communication has been problem for JB. That happens with someone new to the public company arena. My personal opinion is that the current lull in communication is due to legal advice as a result of the restatements and the uplisting attempt.

By the way, that closed refinery was closed, and then is or has reopened since the closing.

No VC would invest in JBI based on the public information. Really... No VC would do that.

Any VC would sign a non-disclosure agreement, get a look at the full IsleChem report, have a thorough examination of the books in far greater detail than a 10K. Oh and probably have their own engineers look over the plant drawings and construction.

Friday, June 18, 2010

"tykundegex" explains his DD on JBI's P2O technology

Quote: "so, how is accurate DD even POSSIBLE???....what is it based on.."

tykundegex comments:
"In my case, it's based on the market for JBI's P2O technology. The dozens of research papers on the topic -- all of which are encouraging about the future of plastic-to-oil, the increasing number of companies offering waste-to-energy solutions, the increasing problem plastic poses to our environment, the government funds allocated to such systems, the increasing desire to lessen our CO2 footprint in energy production, the desire to reduce dependence on foreign energy, and above all, the clear advantage JBI's Plastic2Oil has over the competition in terms of ROI, up-front CapEx, fuel yield, fuel quality, energy input, accepted plastic mixes, labor costs and process emissions!!!

But feel free to do your own DD and draw your own conclusions based on typos in 8K's and over-valued media credits."

Tykün

"Steady_T" opines on URS & JBII filings

From the URS Website. http://www.urscorp.com/

"URS Corporation is a leading provider of engineering, construction and technical services for public agencies and private sector companies around the world.

Our work in the planning, permitting, design and construction of fossil fuel facilities includes more than 200 coal-fired projects totaling more than 90,000 megawatts worldwide.

...In addition, we provide services for clean-air retrofits, conventional oil and waste-to-energy projects."


Seems like URS thinks that projects like JBI's is right up their ally.

A perfect fit according to the URS web site

I don't know if management messed up in JBII's case or is handling circumstances thrown at them quite well. The investigation isn't finished yet.

Now you know why the NTSB says no comment (or makes very few comments) when asked why a plane crashed until they have finished the investigation.

Frequently what looks like the circumstance at first examination turns out not to be the case once the investigation is completed.

We will know more when the filings are out. I for one hope and expect JBII to get them out before having to go pink.

Thursday, June 17, 2010

"Rawnoc" discusses Stephen Seneca resignation


Well, since I fail to see the 8K showing the HIRING of Seneca, I can't see how there would be an 8K for him resigning. He wasn't even the head of PAKIT and was titleless very shortly after the acquisition as they outsourced Western Creative. Probably because the previous PAKIT team weren't exactly experienced in infomercial and retail rollout sales which JBII wanted to expand into. The entire management team was stripped from the beginning it seems quite clear to me. Seneca never mentioned in a single SEC filing EVER from what I can see. So what was there to even resign from? He was made insignicant almost from day 1. The rest of the PAKIT management team was given other posiitions throughout the company, mostly to P2O, pretty much right after PAKIT was acquired. It was obviously part of the plan to restructure the entire thing from the start and go infomercial + retail in a big way with a new team.

I just noticed DAY ONE after the acquisition 2 of the 3 founders were already resigned to new positions within JBII:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42073224


Notice how both Weber's and Haber's new duties with the company are described already, but ZERO duties are described for Seneca. Weber and Haber are both actively mentioned in the filings going forward. Seneca is never mentioned. Obviously Seneca wasn't meant to be part of the business plan in any form other than transition.

That's Day 1 after the acquisition. By the next month the restructing was all but complete. The CEO of PAKIT was named CEO of P2OLand. Weber got a new role. Haber got a new role. Seneca wasn't even mentioned in the filings ever again and in a list of executives he was the only one who didn't even have a title.

So what was his role other than ex-president and maybe the #2 guy up until the acquisition? Did he get coffee for the new team that took over almost immediately?

People act like this is some sort of management shake-up, but that's just laughable. He was clearly, at most, part of the transition team as one of the company's founders. I'm guessing this was his retirement since he almost immediately dropped his title and zero reference to him in the filings -- the only founder of PAKIT not mentioned by the way with the November 16, 2009 10Q filing, just 38 days after the acquisition. And obviously PAKIT management was replaced at some point before the day of the filing. Everybody was replaced. EVERYBODY. Including the CEO right away and moved to the P2O operations.

"For instance, on or about January 20, 2010, Pak-It reduced its workforce from 49 to 36 employees as part of a corporate restructuring of the bulk cleaning component of the business. The Company’s Chief Operating Officer, Jacob Smith, is overseeing the transition of the plant from primarily a bulk chemical manufacturing company to a highly automated plant that will allow the Company to grow revenues by becoming more efficient and producing the water soluble packets at a rate that will support a national retail launch. The retail launch will lead to job creation through an expansion of the bulk manufacturing capacity as well as the set-up of a new Pak-It plant which is expected to be in southern New Jersey."

President my ass. He was titleless in list of management and not mentioned in the filings EVER whereas there were/are extensive details about everybody else in the company in the filings. Jacob Smith was clearly in charge as well as Western Creative which was hired on January 11, 2010.

It's common practice that a company target for acquisition is noted that it could be made more profitable with a different management team. People in the real world often fear their company's being bought out for good reason because it often leads to layoffs as duplicate jobs are eliminated and inefficient management axed. Seems like PAKIT had a nice little $6 million a year business going for many years but had ancient equipment, way too much staff, and no plans for expansion into infomercials and retail. So they were acquired and immediately the restructuring began to turn PAKIT hopefully into a powerhouse and unlock its real potential.

Raw

Tuesday, June 15, 2010

"Rawnoc" comments about CEO's recent quietness


Maybe he's so confident of near term success he doesn't even want to bother?

I know I wouldn't. Ever build something so great that you kept talking about and talking about but were delayed a bit then in the final hour of completion you get real silent with a mischievous smile, knowing it will be more fun to spring the final complete surprise on everybody?

Seen it a million times in the stock market. And like it or hate it, we've seen it a million times with John. He tends to get real quiet and keep everybody guessing just before he releases the next massive round of success. On this appears to be the final round of phase 1 as phase 2 = production, sales, profits, and rapid growth.

Well at least we hear from him often. So many of my stocks I'm lucky to hear from them once a quarter. I prefer under promise and over deliver in results, but I think John will be proving to do exactly that just not so much in timeframes which are largely not of his control. That said I think he's learned to drop timeframes and over deliver on results. The biggest and most important and only thing that matters, so far, on that aspect is what he under-promised about the efficiency of P2O and what Islechem over-delivered in their report about it.

I think people are going to poop themselves, in a good way, when they see what's coming.

Raw

"BigGreen101" shares his thoughts on JBII investment


I have worked for a very small company that was trying to bring a machine to market (biomedical field). It can be a very tough road. For they spend 4 years building two prototypes and then another 2 years trying to validate the system.

As compared to my Sept 5, 2009 posting, I feel much more confident that JBII will be able to bring the large production model to market. They have one built, which is a huge plus. As for the ability to roll out dozens of units in a year, I do not think so. Why? Well, it reminds me of building swimming pools 20+ years ago. With a well-trained crew, it takes about 1.5 days. JBII has a much bigger toy and no crew(s) to build them. Thus, the time to set up might be lengthy. Then getting the supply chain in order will take time. As more people get involved with JV, I think JBII will have more experience and things will accelerate.

It all comes down to are you and any other investor willing to wait 1-2 years to have this pan out? For me, it is a YES! I see a huge potential here. Now lets also considers other positive factors of JBII. They are not reliant solely on P2O for their business. Thus, it P2O is delayed, the company has other revenue generating means. As JBII grows through acquisitions, they become less dependent on P2O as a make or break machine. This is not what happens with most start-up companies that I have invested in. They usually have one product or concept. JBII has broken away from this. Once they start generating significant revenues, I could see them acquiring more target companies.

As for buying, I think JBII is a good deal. The PPS might drop down to as low as $0.80, with investors trying to take their profits from the PIPE deal. That is fine with me. It will give me a chance to further build my JBII position.

Cheers

Monday, June 14, 2010

"tykundegex" clarifies P2O plastic waste feedstock vs. recyclable plastic


I think you're confusing "waste plastic" with "recyclable plastic", which is a common mistake but an important one to clarify.

For example, I know of many plastic recycling companies in the UK, France, and Spain who sell plastic to China -- lots of it. And they are very interested in P2O as it compliments their business. Yes, compliments. The plastic re-sold to China is the high grade sorted and clean stuff (or high enough quality to be sorted and cleaned in China)... the stuff that gets remelted into pellets and re-molded into plastic objects. i.e. RECYCLED.

There is a whole parallel stream that communities and industry has -- the stuff nobody wants (see other replied to your message for stats ... the numbers are roughly the same in Europe). Reticulated plastic (cannot be reformed), off-cuts of PVC mixed with fire retardants, unsortable plastic with heterogenous composition, food packaging waste that is typically never recycled at all, etc. THAT is the market for Plastic2Oil, and it's huge.

And the recyclers want IN because it allows them to leverage the relationship they have with industry and communities -- to reach farther down the value chain and take a larger percentage of plastic discard. They have the infrastructure (facilities, staff, transportation, etc.) already in-place to operate P2O, and have easy access to large amounts of free waste plastic.

So you need to understand that the plastic shipped to China is NOT the same stuff that would go into the P2O process. P2O deals with the untradeable .. the landfilled (or incinerated) plastics!!

Tykün

Sunday, June 13, 2010

JBI CEO comments on corporate communications

CEO John Bordynuik responds to a Facebook question:

"Yes, Amy is working on a central corporate investor page on our web site and that info will be Pr'd. To ensure that material information about the company is disclosed in a way that provides ready access to all interested parties at the same time, the company is adopting a new disclosure policy. Among other things, that policy will require the company and its officers, directors and employees to refrain from posting any corporate information on an Internet website unless it is determined that: (1) the website is a recognized channel of distribution of information; (2) posting information on the website disseminates the information in a manner making it available to the securities marketplace in general; and (3) there has been a reasonable waiting period for investors and the market to react to the posted information. I have decided, out of an abundance of caution, to stop posting information about the company on this page. The company and I will continue to make public disclosures through its press releases, SEC filings, which are available at www.sec.gov/edgar/, and official website, www.jbiglobal.com"

Friday, June 11, 2010

"tykundegex" comments on P2O competitive advantages

Processors have been earmarked at $200k each (for 20-60 tons/day). Although that's an unconfirmed number, the competition is in the range of $3-7m for roughly the same processing rate.

Other factors that help:
. lower rent (for smaller processor)
. higher revenue (higher quality output)
. lower labour costs (speed of processing)
. excess net energy (electricity production)
. no expensive residue disposal (can be landfilled)
. possibly paid for feedstock


And you have a 2-10x better return on your investment compared with Nill-Tech, Cynar, Envion, Samki, etc.

It's a leapfrog technology compared to what's out there today. But that doesn't mean in 5 years somebody else can't catch-up or even surpass JBI's technology. But for the coming years, it's a clear winner.

Tyk

"Rikkitik" welcomes Moore Stephens

Looks like just the right organization to get the global realm in gear:

"Welcome to Moore Stephens International

As the world gets smaller, so it becomes more complicated.

International businesses now face issues such as global competition and increasing regulation, including reporting under International Financial Reporting Standards, compliance with Sarbanes-Oxley and similar legislation, or choosing to make public offerings of securities.

Moore Stephens International is regarded as one of the world's major accounting and consulting associations consisting of 351 independent firms with 630 representative offices and 20,864 people across 98 countries.

Our member firms' objective is simple: to be viewed by clients as the first point-of-contact for all of their financial, advisory and compliance needs. They achieve this by providing sensible advice and tailored solutions to help clients achieve their commercial and personal goals.

Moore Stephens member firms across the globe share common values: integrity, personal service, quality, knowledge and a global view.

It is their commitment to clients, which ensures they provide added value services for them, as well as a stimulating career for their people. Moore Stephens International maintains a cohesive association to ensure modern and comprehensive global services that meet standards of professionalism and deliver value in each country."

http://www.moorestephens.com/websites/uk/msil.nsf/pages/newhome

Thursday, June 10, 2010

JBI, Inc. to Issue Restated Financial Statements


NIAGARA FALLS, Ontario, Jun 10, 2010 (GlobeNewswire via COMTEX) -- JBI, Inc. (the "Company") (OTCBB:JBIIE) is providing notice that the Company's previously issued audited financial statements for the year ended December 31, 2009, filed on Form 10-K with the Securities & Exchange Commission ("SEC") on March 31, 2010 and the interim financial statements for the period ended September 30, 2009, filed on Form 10-Q with the SEC on November 16, 2009, should no longer be relied upon due to questions regarding: 1) the accounting treatment and related disclosures of two acquisitions which were completed during 2009 and 2) the valuation of media credits acquired by the Company during 2009 through the issuance of common stock. The Company's former independent registered public accounting firm, Gately and Associates, which was dismissed on May 13, 2010, was informed of the matters disclosed above.

Subject to approval by its new independent auditors, Withum Smith + Brown, PC, the Company intends to file revised financial statements as soon as they are available. The Company has hired Moore Stevens to assist in this effort, and provide ongoing accounting expertise.

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, PAK-IT LLC and our new Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.com.

Wednesday, June 9, 2010

JBI's first 20 ton P2O processor


First 20 Ton Plastic2Oil Production Processor is operational (Currently waiting for an air permit to commence operations):

Plastic2Oil has been independently verified to work as stated by IsleChem, LLC of Grand Island, NY on April 12, 2010 as presented in their following report:

"JBI, Inc retained IsleChem in Dec 2009 to analyze their plastic to oil solution and assist with preparing documentation required for state permits.

We modified JBI's P2O processor to collect data from sensors, residue, and off gas for analysis.

After more than 40 small scale runs of various multicolored mixed plastic feedstocks through the process, and after analyzing the energy consumption, residue, off-gas, and material balance in the process, we have determined:

JBI's P2O solution is repeatable and scalable.

Approximately 85-90% of the hydrocarbon composition in the feedstock is converted into a “near diesel” fuel.

Approximately 8% of the hydrocarbon composition in the feedstock is converted to a usable off gas much like natural gas.

Approximately 1% of the feedstock remains in the processor as a residue.

This analyzed residue contains various metals from coloring agents and other plastic additives that were originally in the feedstock plastic and a small amount of carbon.

The fuel product was analyzed with a gas chromatograph and the chromatogram is similar in many respects to diesel fuel.

The fuel product viscosity is approximately 2 cst @ 40 degrees C, and is an amber fuel.

The fuel product contains only trace amounts of sulphur.

The fuel product centane number exceeds 40.

The residue does not appear to contain any highly toxic or difficult to dispose of components.

There is no evidence of air toxins in the emissions.

The energy balance of the process is positive; that is, more energy value is produced than is consumed by the process. Early data suggests that it is by as much as a factor of two."

/s/ Dale R. Kunze

Dale R. Kunze
Vice President, Operations
IsleChem, LLC


IsleChem, LLC
2801 Long Road
Grand Island, NY 14072
(716) 773-8100
(800) 699-8606

Saturday, June 5, 2010

Western Creative's Pak-It retail consumer infomercial launch expected early July, 2010


PAK-ITs are individual, pre-measured membrane-encapsulated cleaning concentrates that completely dissolve in tap water. To mix the cleaning solution, the PAK-IT is inserted into a floor machine, re-usable bottle or bucket, water is added and after a minute, gently mixed. The result is a cost-effective, properly portioned cleaning solution with minimal effort. PAK-ITs provide solutions of superior quality and cleaning power with a fraction of the environmental impact of pre-mixed cleaning products.

PAK-IT provides OSHA-compliant color coding that matches the product to the bottle labels, which simplifies training and enhances employee safety by assuring the right product for the right application. The complete line of PAK-IT solutions encompasses carpet and floor care, kitchen, laundry and bath products as well as multi-purpose cleaners.

PAK-IT products have been available to commercial customers for over forty years. Current commercial customers include Home Depot and Michaels. To enable consumers access to environmentally-friendly cleaning options, JBI is currently expanding PAK-IT products into the retail sector.

Friday, June 4, 2010

JBI CEO answers P2O permit questions


"Techisbest" shares an email exchange he had with CEO Bordynuik regarding the Stack Test and permits required for P2O approval

Stack Test email exchange with JB...

Email correspondence with John Bordynuik regarding the stack test...

My questions are in quotes.

Quote: “Is JBII in the middle of a 30-day testing period that culminates in the stack test? Was the DEC there to oversee that start of that 30-day testing period?”

These are material and I cannot answer them however very few people seem to understand what a permit process is like. Air permits are much different than building, use, etc.. . It can be difficult or easy, lengthy or quick depending on the quality of your data, the particular permit you are applying for, existing permits on the site, information about the process, emissions, etc. In some cases the state authority requires a full permit prior to purchase or assembly. They have the latitude to make decisions on a case by case basis based on all the factors and information.

In our case we require a simple air permit. There have been many fantastic stories about the various permits that “might be required” however the only permit we need is a simple air permit. As I advised a while ago, and due to the permit and stack already permitted at our site, we were able to assemble for a stack test. The industry calls these as-built temp permits that allow a machine to be assembled and tested to gather data for a final production permit (be it air, use, whatever).

“Also, are two separate tests needed? One for the processor and one for the furnace?”

No, two separate tests are not needed. We require a simple air permit. We only have one stack which is attached to the output of our furnace. For a simple air permit a company needs to have it’s stack tested 3 times (in one day of production). Material balance, residue, and process information including a confidential portion of the permit (trade secrets) are also included if they affect emissions.

“Hope things are progressing well with getting the production system in place.”

Things are going very well and we are working hard on P2O and the fuel blending site.

Regards,

John Bordynuik
CEO
JBI

Thursday, June 3, 2010

"Rawnoc" responds to naysayers' "scam" claims


Yes, I understand why some people are foolishly skeptical. I understand that with lots of huge winners I've had. All of the excuses in the book are great to tell friends and families why they missed out on an obvious huge winner because they didn't trust a former business segment of OxyChem, a $65 billion NYSE company.

Islechem said the process will scale and there's no difference between a 1 ton and 20 ton machine. YOU may think otherwise, but YOU didn't spend 4 months working on it. YOU don't know why they feel that way. Is the 20 ton processor just a longer version of the 1 ton and generates identical heat and processes identical density of plastic just in a longer vent? Is the 20 ton processor really just a chamber of 20 one-ton units? I don't know....do you? Who are we to challenge that they don't know what they're talking about? Are we sure they haven't done anything with the 20 ton processor?

"IsleChem is a Grand Island limited liability company formed in 2001 from a segment of Occidental Chemical Corp.'s business"
http://buffalo.bizjournals.com/buffalo/stories/2006/01/30/daily42.html

"With OxyChem set to close tech center, IsleChem was born:"
http://wichita.bizjournals.com/buffalo/stories/2002/05/06/smallb1.html

IsleChem was the Business of the Year by the local chamber of commerce:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49330924

"Islechem engineers formed islechem by privatizing Occidental Chemical's R&D lab. Their passion is unique: They are concerned that their own kids can't get jobs on Grand Island (or in Niagara for that matter). They've run their tests and allowed us to put their name in a PR as they are happy with the results so far. and don't think for one moment they didn't weren't sceptical at first." ~~John Bordynuik

WS+B has achieved six consecutive passing peer reviews without comment. What this means is that other CPA firms have objectively rated our accounting and auditing work as "high quality" under the guidelines established by The American Institute of Certified Public Accountants. On average, only four out of ten firms receive passing peer reviews without comment even once.

WS+B was ranked 30th among the 40 most prestigious U.S. firms in the 2008 edition of the Vault Guide to the Top Accounting Firms.

Scam? Yeah right. That would be like serial killer hiring a forensic detective with a flawless track record to inspect his home.

Sure seems like the only even half-assed attempt to tackle the Islechem report, which is the #1 reason to invest and the #1 proof that this isn't a scam (yet it's all but ignored in the bear raid), is because there's a RUMOR that Islechem may have invested money into JBII(E) after validating the results?

Ummmmmmm.....

1. Do we have the slightest shred of tangible proof that Islechem invested in JBII?

2. If we do, why is this a negative again? Does Islechem normally invest in risky scam penny stocks?

3. I wish all of my stocks had former business segments from $65 billion NYSE companies feel so confident that they would invest money into them. Some how, some way, I think their "biased" chemical test results are 1000000 times more reliable than anything any of us could punch on a freakin' message board from thousands of miles away from Niagara. If they did invest in JBII, they obviously did so because they believe their results, they are DAMN GOOD at analyzing, and they are going the extra mile by putting their money where their mouth is.

It would be foolish to blindly say "well it's a penny stock therefore it automatically has little chance of success"

That's like saying when you're playing poker that there's 10 people at the table, so your odds of winning the hand are only 10% while completely ignoring that you're holding a full house in your hand.

When you hold a full house, you bet, and you bet big. Only a fool blindly says "odds are pretty low since everybody has a history of only winning 1 out of 10 hands"

You're right. It's a numbers game. And I don't see very many penny stocks getting validated by former business segments of $65 billion NYSE companies. There's risk as there's risk with ANY and all stocks, and it's a risk I'm comfortable taking with some of my money. You won't win at poker every single time you hold a full house, but you will win at least 75% of the time so you need to make your bets when you hold a full house.

JBII(E) is holding a full house. Bet accordingly.

Raw

Wednesday, June 2, 2010

"GWMAN" opines on timeframe for P2O permit approval


According to a few here, it has not been sent in. And if this is true, it does not inherently mean there is some long wait.

Fact: DEC has no more than 15 days to mail notice that the application is complete. In the JBII case, there are multiple pieces of evidence that that the DEC has been working with JBII for some time, among others, noting the letter from the DEC that is now more than 2 months old. So, it is pretty safe to assume that when the application is submitted, it will be complete, so it will move to the application review and approval process almost immediately.

From the link I provided you, it indicated that a minor project must be approved or rejected WITHIN 45 days. It is more likely than not that JBI will be considered a minor project, and I have seen not one piece of data from anywhere suggesting it will be considered anything bigger than a minor project. Given the fact that JBI has clearly been working with DEC for some time, given how clean the JBI process appears to be, given how bad NY needs taxes coming in and given that we are in an election year, all the evidence suggests that the approval will be done in a much quicker timeframe than 45 days. IMHO, I would dare say that once the application is submitted, it will be approved within 2-3 weeks.

Tuesday, June 1, 2010

JBI, Inc. CEO discusses naysayer's post


John Bordynuik says:
"Any shareholder of JBI would see this new anonymous poster has tried to create a false illusion that there is predominately one plastic waste stream (PET). The poster left out the majority of unrecycled plastic waste which is: PP (polypropylene), LDPE, HDPE, polystyrene, etc, all of which have a near 100% hydrocarbon content.

The web site of plastic waste streams (http://www.epa.gov/wastes/conserve/materials/plastics.htm) show that only 6.8% of plastic is recycled in the US and it is primarily PET (at $0.33/lb I don't want it)

Our competitors use a generic pyrolysis which results in random hydrocarbon cracking. That results in a solid-state fuel with many large chains which are waxy slurry that is near useless. The Blest, Donghe, etc.. have poor fuel recovery rates, high residues and make mostly waxy fuels. That’s proven and our shareholders have reviewed their websites and know this.

Our process has been proven to produce a fuel that is in the diesel range (with some gasoline), without the long chains. IsleChem, and Dale Kunze, a highly respected scientist, would not risk their reputation on such a detailed report about our solution and fuel after months of testing our entire solution if it weren’t true. IsleChem has been exceptionally helpful in isolating what worked in our small processor and that allowed it to be scaled to our 20T processor. Islechem did not just test our fuel - they built our solution in their own labs and tested it extensively. They have been an exceptional resource on our site since.

Our shareholders have heard the fantastic stories from these posters for a year of it can’t be done, can’t scale, then won’t work outside lab, then will but not to scale, then will scale but not with mixed plastics, then will with mixes plastics but not with viable energy conversion… blah blah blah. Two months ago it was all plastic is recycled and paid for and therefore we could never get feedstock. Now, PET and an old unrelated pink sheet will supposedly cause our fall.

I'd appreciate it if anonymous posts from message boards were not posted here. I am happy to answer any question (so long as the answer is not material)."

JBI, Inc. Hires Vice President of Marketing and Communications


NIAGARA FALLS, Ontario, June 1, 2010 (GlobeNewswire via COMTEX) – JBI, Inc. (the “Company”) (OTCBB: JBIIE) has hired Amy Bradshaw as Vice President of Marketing and Communications. Ms. Bradshaw has 15 years of business and consulting experience across multiple industries. Her primary responsibilities will include shareholder communication and marketing for JBI and Pak-It. In order to maintain a majority of independent members, Ms. Bradshaw has resigned her position as a member of the Company’s Board of Directors.

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today’s world, including environmental concerns. JBI currently has four business lines including JBI’s tape data recovery, JAVACO, PAK-IT LLC and our new Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.com.